For the first time since 2017 of the year users ask Google about bitcoin more often than about gold
Bitcoin overtook gold in search terms again
New indicators account for only 67% of the 2017 records
The number of searches for bitcoin for the first time since 2017 doubled those for the precious metal
Bitcoin searches in the English-speaking segment overtook those for gold for the first time since the 2017 rally. In fact, the current trend means that people in two times more interested in buying bitcoin, than precious metal.
Five-year dynamics shows, that a record high level of search queries for bitcoin fell on 2017. Current bullish growth search queries account for only 67% of 2017 results, although price bitcoin managed to grow by 100% from the highs of four years ago.
It is noteworthy that approximately the same statistics is manifested in the domestic market.
Looking for salvation
In time the global economic, social and financial crisis caused by the coronavirus pandemic everything more people are looking reliable funds saving. Gold has traditionally been considered one of the such assets, but Google reporting shows that people are showing more interest in bitcoin, the price whom exhibits activity compared to precious metal.
Even though search terms are unlikely may accurately demonstrate the interest of large investors in bitcoin, statistics show the general trend in the market.
For the first time in the last For a couple of years, large organizations are starting to see Bitcoin as the best form of digital gold»And hedging against inflation. Such an increased interest can cause increased interest among retailers investors, receiving advice from more large companies.
Last year’s survey of the Russian bank “Otkrytie”, however, shows a different picture. So, according to survey results, about 94% of respondents stated lack of willingness to invest their savings in cryptocurrency market. At the same time, according to the report of the World Gold Council, digital currency overtook investments in gold in popularity, behind only savings bank deposits and the real estate market.
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